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Enter Stock SymbolHome Depot and Lowe’s Stock Have More Room to Run Up, Says CitigroupGregory Badishkanian, who just assumed coverage of the two companies, kept the Buy ratings and upped his price targets.Fri, 13 Sep 2019 15:05:00 +0000 —Read more…Hold out for a Lower Valuation Before Buying Home Depot StockHome Depot (NYSE:HD) stock continues to ride high. An earnings beat in its second-quarter sent Home Depot stock surging to over $232 per share an all-time high. Lower interest rates and a renewed interest in the housing market have also helped HD stock.Source: Rob Wilson / Shutterstock.com However, not all headwinds for Home Depot stock have gone away. Home prices have plateaued in many major markets. Also, an inverted yield curve and the length of the current economic growth period point to a possible recession. * 7 Discount Retail Stocks to Buy for a Recession Although HD stock remains a long-term winner, investors should not add to positions at these levels.InvestorPlace - Stock Market News, Stock Advice & Trading Tips HD Stock Is a Long-Term Winner Facing Near-Term StrugglesTaking a negative view of Home Depot stock is a difficult decision. After all, it did not grow to almost 2,300 stores and a $250 billion-plus market cap by making poor decisions. HD has delivered massive returns to investors over the last few decades and remains a solid long-term investment now.Admittedly, bulls have many signs of optimism on which to base their call. The Fed lowered interest rates over the summer, setting up the highest level of mortgage originations since 2018. Moreover, the company announced they had beaten estimates by nine cents per share on Aug. 20. This sparked a rally that took the HD stock price from about $208 per share to the approximate $232 per share level where it trades today.Furthermore, both Home Depot stock and its main peer Lowe's (NYSE:LOW) continue to show resiliency. It continues growth even as a mature company. It also has fended off any potential threat from Amazon (NASDAQ:AMZN), a company many feared would "take over retail" a few short years ago. Multiple Does Not Price in a Possible RecessionHowever, the recent rally took the forward price-to-earnings (PE) ratio to about 21.2, very close to the average PE of almost 23 it has experienced over the last five years. Admittedly, a 21.2 forward multiple is not high by S&P 500 standards. However, it seems pricey when analysts predict only 2.4% profit growth this year and 8.4% in fiscal 2021.Also, many signs point to tough times coming soon. For one, the company missed its revenue estimates. Although the market has chosen to ignore that fact, it indicates some level of struggle for the home improvement giant. Moreover, investors cannot know for sure that the economy has avoided a recession. An inverted yield curve has frequently pointed to a downturn within two years in the past.Home price growth appears mixed as well. Thanks to the lower rates, analysts forecast annual price growth of 5.4% over the next year. Still, that is an average number. Many of the larger, pricier markets such as New York or Seattle continue to see a decline in prices. Since many consider Home Depot stock a proxy for the housing market, this indicates contradiction more than growth.Further, the current economic expansion is in its 11th year. This does not mean the economy will stop growing. However, it dramatically increases the chances of a downturn. It also calls into question whether investors should pay a higher multiple for Home Depot stock in such an environment. The Bottom Line on Home Depot StockHome Depot stock has become the solid equity that investors should avoid for now. In a sense, the recent run in HD stock makes sense. Interest rates have fallen in an environment where home prices have plateaued in many major markets. Without a doubt, this increases home affordability for many.Still, the current economic expansion has become long in the tooth. Moreover, an inverted yield curve has always pointed to a recession over the last 60-plus years.Although Home Depot has matured as a company, its ability to maintain growth over the last few decades is a testament to its long-term resiliency. I still believe in the future of Home Depot stock, and I do not recommend selling at these levels, except to log some profits.However, given the current circumstances, this seems like a time where investors should try to buy Home Depot stock on the cheap, not when it trades at a higher multiple.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Hold out for a Lower Valuation Before Buying Home Depot Stock appeared first on InvestorPlace.Fri, 13 Sep 2019 15:04:32 +0000 —Read more…How Lowe's looks to develop tech talent for tomorrow's workforceLowe’s is working with Charlotte Works and Charlotte-Mecklenburg Schools for the pilot pre-apprenticeship program.Thu, 12 Sep 2019 18:51:13 +0000 —Read more…High Costs Mar Building Products - Retail Industry ProspectsHigh Costs Mar Building Products - Retail Industry ProspectsThu, 12 Sep 2019 14:04:02 +0000 —Read more…Why Markets Think Tariffs Will Help Apple and Hurt AmazonTariff talks have hits Amazon hard as other retailers outperform. Is Apple dependent on China, or is it the other way around?Wed, 11 Sep 2019 23:29:59 +0000 —Read more…UPDATE 3-White House adviser plays down expectations for U.S.-China talksA senior White House adviser tamped down expectations on Tuesday for the next rounds of U.S.-China trade talks, urging investors, businesses and the public to be patient about resolving the two-year trade dispute between the world's two largest economies. "If we're going to get a great result, we really have to let the process take its course," Peter Navarro said on CNBC. U.S. President Donald Trump's administration is seeking sweeping changes to China's policies and practices on intellectual property protection, the forced transfer of U.S. technology to Chinese firms, American companies' access to China's markets and industrial subsidies.Wed, 11 Sep 2019 00:10:07 +0000 —Read more…PHOTOS: How Lowe's is aiding in Hurricane Dorian relief effortsWhile Hurricane Dorian has moved away from the Carolinas’ coastline, it left some major damage to the Outer Banks.Mon, 09 Sep 2019 18:44:54 +0000 —Read more…Chances of Rate Cut Rise on Jobs Slowdown: Winners & LosersWith an overwhelming majority of observers seeing an imminent rate cut on August's soft employment report, certain sectors stand to gain, while some will suffer. Take a look -Mon, 09 Sep 2019 12:57:12 +0000 —Read more…Edited Transcript of LOW earnings conference call or presentation 21-Aug-19 1:00pm GMTQ2 2019 Lowe's Companies Inc Earnings CallSat, 07 Sep 2019 11:22:36 +0000 —Read more…Lowe's Commits $1 Million To Support Hurricane Dorian Relief And RecoveryMOORESVILLE, N.C., Sept. 6, 2019 /PRNewswire/ -- Lowe's has committed today $1 million to support disaster relief efforts for associates, customers and communities in direct response to Hurricane Dorian's impact along the U.S. coast and the Bahamas. Lowe's will continue to work closely with nonprofit partners and government agencies to determine immediate and long-term support needed by local communities. To support customers and communities as they prepared for the storm and in the clean-up and recovery that follows, the Lowe's Emergency Command Center has expedited more than 6,000 truckloads of needed supplies, including generators, bottled water, sand, plywood, chainsaws, trash bags, gas cans and tarps.Fri, 06 Sep 2019 23:37:00 +0000 —Read more…The Zacks Analyst Blog Highlights: Norwegian Cruise, Royal Caribbean, Lowe's, Home Depot and OwensThe Zacks Analyst Blog Highlights: Norwegian Cruise, Royal Caribbean, Lowe's, Home Depot and OwensFri, 06 Sep 2019 16:12:04 +0000 —Read more…Lowe's Companies, Inc. (LOW) Shares March Higher, Can It Continue?As of late, it has definitely been a great time to be an investor in Lowe's Companies, Inc. (LOW).Fri, 06 Sep 2019 14:23:02 +0000 —Read more…Kirkland's (KIRK) Stock Down on Q2 Loss and Dismal SalesKirkland's (KIRK) performance in Q2 hurt by weak store traffic. Further, management lowers fiscal 2019 view.Fri, 06 Sep 2019 13:12:01 +0000 —Read more…Here's How Stocks Reacted to Dorian's MayhemAs Hurricane Dorian hits the Bahamas, shares of cruise companies and hotels fell as tourism stalled and insurance shares dropped as the companies released money for damage relief.Thu, 05 Sep 2019 15:04:50 +0000 —Read more…Is Lowe's Companies (LOW) Outperforming Other Retail-Wholesale Stocks This Year?Is (LOW) Outperforming Other Retail-Wholesale Stocks This Year?Thu, 05 Sep 2019 13:30:01 +0000 —Read more…3 Charts Suggest Trend Traders Will Buy HomebuildersActive traders are focusing on homebuilders due to nearby levels of support and ascending trendlines.Wed, 04 Sep 2019 13:57:57 +0000 —Read more…Why You Should Invest in Dividend Growth ETFs NowThese ETFs hold high-quality companies with strong balance sheets.Tue, 03 Sep 2019 21:00:09 +0000 —Read more…Housing Stocks: Surprising Picks as Leaders of the Coming RallyWhen I saw the headline below last Tuesday, it made me angry. Really angry. Check this out.Source: Shutterstock A "Lehman-like" market disaster could happen this week, analyst warnsSeriously?InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe analyst cited negative sentiment triggered by the inversion of the yield curve and how it correlated to 2008. (Here's the article if you really want to read it.) I think he needs to be held responsible if he's wrong.I am sick of hacks trying to make names for themselves with insane and irresponsible Doomsday Calls. Do yourself a favor and ignore them. Instead of becoming fearful with these crazy calls, now is the time to set yourself up for big profits.I think we're headed for one of the greatest "melt-ups" (as my colleague Steve Sjuggerud accurately calls it) over the next 12-18 months. The new issue of Investment Opportunities will focus on stocks that I believe will be among the leaders of that rally, and I want to give you a preview of my analysis today. Already Moving HigherLet's dispense quickly with the idea that a recession is around the corner. I shared my full market outlook with you this weekend, but I've written before about the inverted yield curve and talked about it at length in a recent MoneyLine podcast (which you can listen to here).I'll share one stat with you now: Over the last 40 years, an inverted yield curve has actually been more of a buy signal than a recession indicator. Since 1978, the market has gained 20%+ on average one year after the inversion event when the 10-year Treasury begins to yield less than the two-year Treasury.Add in the likelihood that the Fed will lower interest rates a couple more times this year, and the odds of a major rally increase.But even if you're skeptical, please don't ignore a tried-and-true buying opportunity that so many other investors are missing amid the panic.I'm talking about housing stocks. I know. They don't sound as exciting as next-generation batteries, artificial intelligence, autonomous vehicles, or personalized medicine. But who cares -- as long as they can make us money?Take a look at the iShares U.S. Home Construction ETF (BATS:ITB). It broke above $40 last week for the first time since last June. That is a potentially major breakout going back to levels from 18 months prior. It also broke out of a consolidation phase that lasted about three months.Those are two bullish technical indicators, and I see more upside ahead with very low housing stock valuations and strong fundamentals.You may not hear much about strong fundamentals in the current environment, but they're there. Home Depot (NYSE:HD) is at all-time highs, and Lowe's (NYSE:LOW) is within about 6% of its peak. Both reported solid sales growth, as did consumer bellwethers Walmart (NYSE:WMT) and Target (NYSE:TGT). This tells us that the consumer is doing pretty well, and so is the housing market.It's simple if you ignore the noise and doomsday headlines. Long-term interest rates are down, which means mortgage rates are, too. Any way you slice it, lower mortgage rates boost housing. They make homes more affordable.We already see potential home buyers on the move. Mortgage applications (the orange line below) have turned sharply higher as rates (the blue line) have fallen.Note how mortgage originations fell to their lowest level since mid-2014 earlier this year but are back on the upswing -- to their highest levels in about two years, in fact. The last time mortgage rates were this low (late 2016), mortgage originations spiked above $600 billion. What to Buy NowI look for a similar spike to occur in the next few quarters. A move from $344 billion in the first quarter to over $600 billion would be a massive 75% surge … and would light an even bigger fire under housing stocks.The opportunity is more than just low rates. There are multiple catalysts to drive housing stocks higher in the coming months, including high employment, consumers' willingness to spend, still-low valuations, and millennials buying homes as they start families. That last one is especially big and could last for years, as we are in the early stages of the greatest wealth transfer in U.S. history, from the baby boomers to the millennials.I focus a lot on cutting-edge trends and breakthroughs, like batteries that will change the way we live and communicate. That's where a lot of the life-changing gains will come from. But I don't ignore more "traditional" trends like housing when the time is right, like now.I'll have my full analysis on housing stocks and at least one related stock recommendation in the new Investment Opportunities issue this Thursday. I wanted to let you know today so you can have them on your radar, too.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential The post Housing Stocks: Surprising Picks as Leaders of the Coming Rally appeared first on InvestorPlace.Tue, 03 Sep 2019 20:29:14 +0000 —Read more…Cone Health nears completion of new primary care office in TriadCone Health will open a new primary care office in the Triad in the next few weeks, just as a Boston-based health care provider prepares to open three primary care facilities in the Triad. The 5,600-square-foot Cone Health location will open Oct.Tue, 03 Sep 2019 18:40:29 +0000 —Read more…Why Lowe’s Stock Gained 11% in AugustThe home improvement giant is finally closing the gap with its biggest competitor.Tue, 03 Sep 2019 18:40:00 +0000 —Read more…

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